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500 Yuan Bank of Chinan

Issuer Bank of Chinan
Year 1945
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Value 500 Yuan
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Obverse lettering 冀南銀行
伍佰圓
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Reverse lettering BANK OF CHINAN
500
FIVE HUNDRED YUAN
1945
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Comments

The Bank of Chinan (Jinan Bank) was a communist-controlled regional bank operating in the Shandong-Jiangsu border areas under the direction of the Shandong Branch of the Central Committee. Notes issued in 1945 fall squarely in the final chaotic phase of the Second Sino-Japanese War, when liberated zone banks were printing aggressively to fund military operations and stabilize local economies wrested from Japanese puppet administrations.

The S-prefix in Pick places this firmly in the Chinese regional and provisional category. High-denomination notes from this issuer are frequently encountered with pinholes and folding damage consistent with bundle storage rather than hand-to-hand wear — the notes moved in bulk between administrative units more than through retail trade.

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